Interparfums (NASDAQ:IPAR) Shares Down 8.2% – Time to Sell?

Interparfums, Inc. (NASDAQ:IPAR)’s share price fell 8.2% during mid-day trading on Wednesday . The stock traded as low as $80.25 and last traded at $78.7350. 70,534 shares changed hands during trading, a decline of 71% from the average session volume of 242,824 shares. The stock had previously closed at $85.81.

Wall Street Analyst Weigh In

A number of research firms have commented on IPAR. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a research note on Wednesday, October 8th. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. Jefferies Financial Group decreased their price objective on Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Canaccord Genuity Group reiterated a “buy” rating and set a $123.00 price target on shares of Interparfums in a research report on Wednesday. Finally, BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Interparfums in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $145.60.

Interparfums Stock Performance

The business has a 50 day moving average price of $95.65 and a 200 day moving average price of $115.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. The stock has a market capitalization of $2.52 billion, a PE ratio of 15.79 and a beta of 1.39.

Interparfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. The business had revenue of $429.58 million during the quarter, compared to analyst estimates of $431.78 million. Interparfums had a return on equity of 16.45% and a net margin of 11.03%.Interparfums’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 EPS. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, equities research analysts expect that Interparfums, Inc. will post 5.14 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Interparfums by 251.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 699,438 shares of the company’s stock valued at $79,645,000 after buying an additional 500,378 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in Interparfums by 66.8% during the second quarter. Westwood Holdings Group Inc. now owns 775,590 shares of the company’s stock valued at $101,843,000 after purchasing an additional 310,712 shares during the period. London Co. of Virginia purchased a new stake in Interparfums in the second quarter worth about $27,647,000. Millennium Management LLC grew its stake in shares of Interparfums by 823.0% during the 3rd quarter. Millennium Management LLC now owns 205,526 shares of the company’s stock valued at $20,220,000 after acquiring an additional 183,258 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Interparfums by 249.3% in the 2nd quarter. Squarepoint Ops LLC now owns 225,907 shares of the company’s stock worth $29,664,000 after acquiring an additional 161,239 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

About Interparfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.